Published: 2026-04-09T01:52:05.000Z
Chart EUR/USD Update: Consolidating, room for higher later
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No follow-through on break of the 1.1700 level as prices settle back to consolidate strong gains from the 1.1505, Monday's low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | * | congestion | S1 | 1.1650/40 | * | congestion, 23 Mar high | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1742/65 | ** | Feb lows | S3 | 1.1550 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1500 | ** | congestion |
Asterisk denotes strength of level
01:45 GMT - No follow-through on break of the 1.1700 level as prices settle back to consolidate strong gains from the 1.1505, Monday's low. However, positive daily and weekly studies highlight scope for further gains ahead to retrace losses from the January high. Above 1.1700 will see room to strong resistance at 1.1742/65 February lows and the 1.1800 level. Meanwhile, support is raised to the 1.1640 high of 23 March and extending to the 1.1600 level. This area should underpin and sustain gains from the 1.1410, 13 March current year low.